Lauras Laundry Service prepares statements once a year. Presented below are the year-end balances at October 31, 2022 of Laura's Laundry Service. All accounts have normal balances.

Accounts receivable	$ 12,000
Accounts payable	25,000
Accumulated depreciation, laundry equipment	30,000
Advertising expense	4,000
Cash	42,000
Depreciation expense, laundry equipment	12,000
Insurance expense	3,000
Laundry equipment	125,000
Laundry service revenue	200,000
Notes payable	65,000
Laura Bunch, capital	17,000
Laura Bunch, withdrawals	18,000
Prepaid insurance	1,500
Salaries payable	4,000
Salaries expense	97,000
Supplies	1,500
Supplies expense	9,000
Repair expense	7,000
Unearned laundry service revenue	500
Utilities expense	9,500

Prepare the necessary closing journal entries at October 31